1st European philanthropic micro-lending platform, enabling private individuals to finance micro-entrepreneurs’ projects all over the world, through a solidarity loan of EUR 20 minimum. Thus, Babyloan.org is a solidarity-based and innovative financing tool that uses Internet to develop microfinance.
Key Figures (December 2012):
- Launch of the platform: September 2008
- Number of members (social lenders): 22,000
- Cumulated loans collected: 4.8 millions